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Open
11 Jul 2024
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Close
15 Jul 2024
3
Allotment
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Listing
Fri, Jul 19, 2024
Price Band
₹171 to ₹180
Issue Size
29,20,000 shares (agg. up to ₹53 Cr)
Lot Size
800 Shares
Listing Date
Fri, Jul 19, 2024
Latest GMP
₹250
Est. Gain
138.89%
✦ AI Insight
GMP Trend
19-07-2024₹250Est. ₹430+138.89%
18-07-2024₹250Est. ₹430+138.89%
17-07-2024₹250Est. ₹430+138.89%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 354.76x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 149.36 | 90.82 | 61.03 | 34.64 |
| Total Income | 201.72 | 185.80 | 67.29 | 62.19 |
| Profit After Tax | 13.37 | 6.48 | 1.03 | 0.71 |
| NET Worth | 32.93 | 16.37 | 10.02 | 9.22 |
| Reserves and Surplus | 24.97 | 8.59 | 4.80 | 4.05 |
| Total Borrowing | 56.81 | 13.62 | 17.11 | 15.03 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Ganesh Green Bharat Ltd. | SME | ₹125.23 Cr | ₹190 | 15.85 | ₹379.05 | +99.50% | ₹261.50 (+1.08%) |
| Shivalic Power Control Ltd. | SME | ₹64.32 Cr | ₹100 | 24.69 | ₹326.55 | +226.55% | ₹68.85 (-3.71%) |
| GP Eco Solutions India Ltd. | SME | ₹30.79 Cr | ₹94 | 21.44 | ₹393.75 | +318.88% | ₹418.10 (-0.56%) |
| Alpex Solar Ltd. | SME | ₹74.52 Cr | ₹115 | 54.66 | ₹345.45 | +200.39% | ₹862.45 (-2.88%) |
| Australian Premium Solar (India) Ltd. | SME | ₹28.08 Cr | ₹54 | 23.58 | ₹147.00 | +172.22% | ₹295.00 (+0.53%) |
| Akanksha Power & Infrastructure Ltd. | SME | ₹27.49 Cr | ₹55 | 24.02 | ₹65.10 | +18.36% | ₹90.10 (-2.22%) |
| Supreme Power Equipment Ltd. | SME | ₹46.67 Cr | ₹65 | 10.69 | ₹102.90 | +58.31% | ₹217.85 (+3.00%) |
| Electro Force (India) Ltd. | SME | ₹80.68 Cr | ₹93 | 20.22 | ₹105.00 | +12.90% | ₹24.40 (+3.39%) |
| Saakshi Medtech & Panels Ltd. | SME | ₹45.16 Cr | ₹97 | 10.18 | ₹153.30 | +58.04% | ₹292.60 (-2.47%) |
| Sungarner Energies Ltd. | SME | ₹5.31 Cr | ₹83 | 13.07 | ₹262.35 | +216.08% | ₹222.50 (-4.93%) |
| Oriana Power Ltd. | SME | ₹59.66 Cr | ₹118 | 20.7 | ₹317.10 | +168.73% | ₹1,476.35 (-0.13%) |
| Rishabh Instruments Ltd. | Mainboard | ₹490.78 Cr | ₹441 | null | ₹443.15 | +0.49% | ₹659.50 (+2.44%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirements of the Company | 106.15 |
| 2 | General Corporate Purposes | 13.14 |
| Total | 119.29 |
About Sahaj Solar IPO
Sahaj Solar Limited was founded in 2010 and is a provider of renewable energy solutions. The company has three business units: PV module manufacturing: The company's PV module manufacturing facility is located at Bavla, Ahmedabad, Gujarat. It is spread over an area of 2,883.77 square metres and has a building of 2445.5 square metres comprising both factory and office space. The plant has a capacity of 100 MW. The company's automated manufacturing facility offers mono and polycrystalline PV modules for various solar projects in India and abroad. The facility also manufactures a mono PERC (Passivated Emitter and Rear Contact) module. Provision of solar water pumping systems Providing EPC services to PAN India customers: This includes design, supply, installation, testing, commissioning and maintenance of projects of all sizes, from a simple domestic solar system to a large solar power plant set-up. As of September 30, 2023, the company employed over 64 people in the areas of administration, accounting and finance, human resources, projects, procurement, operations manager, sales and marketing, production and operations, and top management.+ Read More
Contact Details
Sahaj Solar Ltd. AddressOffice No.301, Ashirvad ParasOpp.Prahladnagar GardenSatelliteAhmedabad, Gujarat, 380051+91-079-68171800cs@sahajsolar.comVisit Website